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Flexible Liquefied Natural Gas Solutions Provider EXCELERATE ENERGY Raised $384 Million
2022-04-14

Esther Thin

Excelerate Energy Inc, a flexible liquefied natural gas solutions provider, raised $384 million by offering 16 million ADSs at $24, high-end at the proposed range of $21 to $24.

The company is changing the way the world accesses cleaner, more affordable and reliable energy by delivering regasified natural gas, benefitting hundreds of millions of people around the world. They focused on providing flexible LNG solutions to emerging markets in diverse environments across the globe, providing a lesser emitting form of energy to markets that often rely on coal as their primary energy source.

The Woodlands, Texas-based company was founded in 2003 and booked $658 million in revenue for the 12 months ended September 30, 2021. It plans to list on the NYSE under the symbol “EE.” Barclays, J.P. Morgan, and Morgan Stanley are underwriters of the IPO.

The company engages Gibson, Dunn & Crutcher LLP as US Securities Counsel, and PricewaterhouseCoopers LLP as Independent Auditor.

#ipo #NYSE #ExcelerateEnergy #LiquefiedNaturalGas #EE #energy

 

 

 

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